W3Schools

The Tell: Here’s what history says about Hurricane Irma and the stock market

Hurricane Irma’s impending Florida landfall got some of the blame for an indecisive Friday on Wall Street, but history shows that major hurricanes have been a limited drag on the performance of stocks as a whole. It’s a different story, however, for individual stocks and certain sub-industry groups.

See:Insurers brace for a 1-in-100 year storm as Irma bears down on Florida

And with the price tag from Hurricane Harvey and Hurricane Irma seen potentially exceeding more than 50% of the total hurricane damage tally seen over the last 50 years in 2017 dollars, those stock and sub-industry moves are likely to be even bigger than usual, wrote J.P.

>>> Original Source <<<

Comentários